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What exactly is a Vestey Trust? I've come across some audios of her talking about asset protection & she mentioned a Vestey Trust. She said something about being a great trust from the old days in England, but didn't go into details.

Thanks Terry. I'm not sure what you mean by the above. Do you mean that the yearly interest could be capitalised onto the original loan amount by the 2nd trust for example 5 years, then when the interest is actually paid to the 1st lending trust after 5 years, that's when it would be considered...

Only for holding investment property. Does it make any difference what the trust is used for as to if it can be deducted or not?

When you setup a trust & a trustee company, there are costs involved. Are all these costs tax deductible by that trust? Below are some of them I've got at the top of my head. Maybe there's others I've missed. 1. Setup cost of the trust 2. Setup cost of the trustee company 3. Stamp duty on...

If your 1st trust lends money to your 2nd trust to purchase an investment property, say $100k & charges interest on this money on a yearly basis at market rate. 1. Does the interest need to physically be paid to the 1st trust or can it be capitalised onto the loan amount so it continually...

Anybody here have any comments on the above if it could be possible to structure something like this?

I've just checked out the Duties Act. It says that Mortgage Duty is to be abolished on 1st July 2013: http://www.austlii.edu.au/au/legis/nsw/consol_act/da199793/s203a.html This link says that if no amount is secured by the mortgage, the duty is $5...

Actually, I should've been clear & mentioned a commercial investment property in the above. But even if it was a residential IP, I thought mortgage duty was still payable. According to the OSR site, they have a mortgage duty calculator & it shows how much mortgage duty is payable...

If we use an example that you control 2 different entities & this all takes place in NSW. One entity has cash available and the 2nd entity will purchase an investment property. Your 1st entity will loan the cash to the 2nd entity & charge interest for this loan, with all this written up in a...

I see where you're coming from, you make valid points. From a tax point of view (land tax & borrowings) it would be better, but I guess later on you could transfer the units to a discretionary trust for asset protection. Anyone able to give their opinions on the above 2 points too?

1. So say there are 2 personal trustees & you replace it with a company with those same 2 people as directors, but those 2 people were already beneficiaries of a discretionary trust (including the standard wording of the deed including beneficiaries of mother, father, grandparents, children...

It looks like a mortgage can have no specified amount: http://www.osr.nsw.gov.au/taxes/mortgage/faqs/charged/ 1. How can you secure a mortgage for no amount? 2. Is mortgage duty still going to be abolished from July 2013? Apparently it was meant to be abolished from June 2012 but was delayed...

In NSW, it loooks like it's $50 stamp duty to change trustees: http://www.austlii.edu.au/au/legis/nsw/consol_act/da199793/s54.html Is this payable to Land Titles when you inform them that it's changed from personal trustees to company trustee?

If an individual is not in a high risk occupation & doesn't have any real estate in their personal name, I'm coming to the conclusion that it would be very unlikely to be sued for whatever reason. 1. Do you think that it's a good idea for them personally to be a unit holder of a Unit Trust or...

Say someone is over 60 years old & has a SMSF that's still in accumulation phase & wanted to maximise the tax benefits of no tax: 1. If you were to invest in a managed fund, would you need to invest in a managed fund before you reached pension phase & transition to retirement pension phase, or...

One of us are the Appointors of the trust, so easy to do. How to know if there would be stamp duty issues & what would the stamp duty be on if there was this issue? Does it depend if it's a unit, discretionary or hybrid trust that influences this?

If you get a mortgage taken over your property in NSW (either through a bank or lend the money to yourself from one of your related entities), can someone search & see how much the mortgage amount is for, or is the mortgage amount not searchable? I'm thinking from an asset protection point of...

Thank you all for your imput. No mortgage on property so no issues with doing things with banks & loans. So the only thing needed with the property would be to get the documents changed to the Pty Ltd with the Land Titles office, besides the documentation with the trust for resignation of...

Yeah, the thing would be to consider if the company would be closed down before the 10 year period, but a company that is a trustee of a trust & another for a SMSF, you would be hoping that this would not be the case as the aim would be for the long-term. The way I see it, if you pay the $324...

Why are you not allowed to prepay 10 years in advanced? This is from the ASIC site: http://www.asic.gov.au/asic/asic.nsf/byheadline/Advance+payment+of+annual+review+fees